US DOE to invest $22 million in algal and biomass biofuel development projects

10:47 AM MDT | August 2, 2013 | Francinia Protti-Alvarez

The US Department of Energy (DOE) has announced more than $22 million in new investments to help develop cost-competitive algae-fuels and streamline the biomass feedstock supply chain for advanced biofuels. The goal is to produce cost-competitive drop-in biofuels by 2017, and algae biofuels by 2022. "By partnering with industry and universities, we can help make clean, renewable biofuels cost competitive with gasoline, give drivers more options at the pump, and cut harmful carbon pollution," says Ernest Moniz, US energy secretary. Among the recipients...